Telangana Budget: Telangana’s government unveiled a state budget of Rs 2.91 lakh crore for the fiscal year 2024-25, presented by Deputy Chief Minister and Finance Ministry In-charge Mallu Bhatti Vikramarka in the assembly. Former Chief Minister K Chandrasekhar Rao was present as the Leader of Opposition.
Telangana Budget 2024-25 – Key Takeaways
-Total Budget: Rs 2.91 lakh crore allocated for FY 2024-25.
-Revenue Expenditure: Rs 2.21 lakh crore; Capital Expenditure: Rs 33,487 crore.
-Debt Accumulation: Telangana’s debt totals Rs 6.71 lakh crore over the past decade.
-Revenue Details: Estimated revenue includes Rs 1,38,181.26 crore from own revenue, Rs 35,208.44 crore from non-tax revenue, and Rs 26,216.38 crore from tax revenue.
-Fiscal Deficit: Rs 49,255.41 crore; Revenue Surplus: Rs 297.42 crore.
-Sector Allocations: Rs 72,659 crore for agriculture, Rs 21,292 crore for education, Rs 22,301 crore for irrigation, and Rs 29,816 crore for Panchayat Raj and Rural Development.
-Capital Development: Rs 10,000 crore allocated for Hyderabad’s development
-For Health: Rs 11,468 crore
-Government Reforms: Focus on financial discipline, controlling expenditure, and timely payment of salaries and pensions.
-GSDP: Telangana’s Gross State Domestic Product (GSDP) for 2023-24 stands at Rs 14,63,963 crore, reflecting a growth of 11.9%.
